USDCAD reacting below sell entry, in line with 38.2% Fibonacci retracement and 100% Fibonacci extension, and are likely to fall to take profit, in line with 100% Fibonacci extension. Alternatively, prices may rally up to stop loss, in line with 100 % Fibonacci extension. Any opinions, news, research, analyses, prices,...
XAUUSD facing bearish pressure, potential downside
Price currently approaching the sell entry at 1808.590 which is in one with the horizontal overlap support, 61.8% Fibonacci retracement, and the 61.8% Fibonacci extension. Should price cross this level, we can expect a plunge towards the take profit at the horizontal overlap support in line with the 50% Fibonacci...
Market Breadth Is Pulling Back, But It’s Not a Problem Just Yet
In the current market, the generals are the tech stocks like Facebook, Apple, Microsoft, and other big names.
Gold Daily Poised for Potential Move
The above chart shows the daily timeframe for XAUUSD. We note that price has moved into a bullish area (zone 1). The Bollinger’s have also narrowed which may suggest that volatility is due to increase (blue rectangle). Moreover, the RSI has moved above 50 (red rectangle), which is the bullish...
CADJPY Facing bullish pressure | 30 July 2021
CADJPY is currently pushing higher. With technical indicators showing room for further bullish momentum, a further push up above our entry at 87.930 where we have moving average support and also 23.6% Fibonacci retracement could be possible. Upside target would be at 88.445 where we have Fibonacci confluence zone with...
GBPUSD Facing bullish pressure | 30 July 2021
GBPUSD is currently holding above ascending trendline support. A further push up above our entry at 1.39490, where we have 23.6% Fibonacci retracement towards our take profit at 1.40202 where we have -27.2% Fibonacci retracement could be possible. Technical indicators are showing room for further bullish momentum as well Any...
EURUSD H4 pullback, potential for further upside
Price is pulling back to 1.18614, in-line with 23.6% Fibonacci Retracement , 61.8% Fibonacci Extension and 200MA. We could potentially see it bounce to further upside to resistance at 1.19324, in-line with -27.2% and 78.6% Fibonacci Retracement . If prices drop, it will find support at 1.17723, in-line with 78.6%...
NZDUSD facing bearish pressure | 30th July 2021
NZDUSD reversing from sell entry, in line with 100% Fibonacci resistance, and is likely to fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Stochastic approaching hidden resistance. Any opinions, news, research, analyses, prices,...
NZDJPY likely to face bearish pressure|29 July 2021
NZDJPY is approaching sell entry at 76.516 which is in line with horizontal pullback support, 38.2% Fibonacci retracement and 61.8% Fibonacci extension . Should price break this level, we can expect price to plunge further and take support at the horizontal swing low support at 75.7680 in line with 78.6%...
USDJPY facing bearish pressure | 29th July 2021
Price is testing the horizontal overlap resistance at 109.559 which coincides with the 61.8% Fibonacci retracement and the 100% FIbonacci extension . We can expect price to reverse off this region to take support at the horizontal swing low level in line with our 161.8% Fibonacci extension . In addition...